Thursday, January 29, 2009

S&P 500 - January 29, 2009 - Intraday

I wrote yesterday that I had gone short at the height of Wednesday's euphoria, and into intraday up-volume spike .

My intent was to fill the Wednesday's gap back to 850 area. I massively added to my shorts on the way down. More thatn 90% is covered since my intent and mission is accomplished. Just holding a little, and am going to leave that to a stop.

We got a nice rush down. Later, I will post a closeup (1-minute chart) of the trades I made.

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